Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster filed for Chapter 11 protection in New York with a plan to turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it hopes to do by early next year.

Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster filed for Chapter 11 protection in New York with a plan to turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it hopes to do by early next year.

Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster filed for Chapter 11 protection in New York with a plan to turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it hopes to do by early next year.

Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster filed for Chapter 11 protection in New York with a plan to turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it hopes to do by early next year.

Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster filed for Chapter 11 protection in New York with a plan to turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it hopes to do by early next year.

Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster filed for Chapter 11 protection in New York with a plan to turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it hopes to do by early next year.

Good thing those genius anti-trusters stopped Blockbuster and Hollywood Video's merger so they wouldn't become a monopoly.

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In fifty years there will be DVDs on museum walls next to 8-track tapes. Even Netflix is looking how to get in the digital wedge because the idea of images/music being transported by plastic is obselete.

Unless demand explodes total revenues will keep going down. Advertiser supported web sites such as hulu, direct downloads for a royalty fee and so on will not only take out this industry but cineplexes too.

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